Goldman Lifts Golar LNG Price Target to $60, Predicts 13% Gain
Goldman Sachs analysts raised Golar LNG’s price target to $60, implying a 13% upside after the stock surged over 40% YTD despite a recent 3% pullback. They forecast supply damages from the Middle East conflict will keep global LNG prices elevated for three to five years, benefiting producers.
1. Analyst Recommendation and Price Target
Analysts raised Golar LNG’s price target to $60 and recommended buying shares, projecting a 13% gain based on updated earnings projections and anticipated supply tightness.
2. Stock Performance and Upside Potential
Shares of Golar LNG have rallied over 40% since the start of the year, though they dipped about 3% in the latest pullback. The new price target implies a further 13% increase from recent levels, extending the stock’s strong year-to-date performance.
3. Supply Constraints and Market Outlook
Ongoing damage to key LNG facilities could keep global supply offline for three to five years, supporting elevated price levels. This sustained tightness is expected to benefit producers with expansion capacity and backlog growth, underpinning upside for companies like Golar LNG.